Restaurant Brands International Inc. (QSR) financial statements (2022 and earlier)

Company profile

Business Address 130 KING STREET WEST
TORONTO, ON M5X 1E1
State of Incorp.
Fiscal Year End December 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Receivables547537535519536589520
Inventory, net of allowances, customer advances and progress billings96969998968796
Inventory96969998968796
Other undisclosed current assets1,1731,9511,8941,6741,6322,0041,611
Total current assets:1,8162,5842,5282,2912,2642,6802,227
Noncurrent Assets
Operating lease, right-of-use asset1,1301,1181,1431,1401,1521,1221,117
Net investment in lease80798067666362
Property, plant and equipment1,510    1,9751,958
Long-term investments and receivables194199204205   
Long-term investments194199204205   
Intangible assets, net (including goodwill)17,42316,39516,65116,52316,44015,98615,786
Goodwill6,0065,7435,8315,7815,7395,5715,498
Intangible assets, net (excluding goodwill)11,41710,65210,82010,74210,70110,41510,288
Other noncurrent assets762739806808824707866
Other undisclosed noncurrent assets3311,8141,8291,8232,031  
Total noncurrent assets:21,43020,34420,71320,56620,51319,85319,789
TOTAL ASSETS:23,24622,92823,24122,85722,77722,53322,016
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5611,5021,3871,2931,2991,4061,066
Accounts payable614592575488464523470
Accrued liabilities947910812805835883596
Debt96113113112111107106
Other undisclosed current liabilities221137149147191108112
Total current liabilities:1,8781,7521,6491,5521,6011,6211,284
Noncurrent Liabilities
Long-term debt and lease obligation14,31913,76313,77913,77913,79413,65813,655
Long-term debt, excluding current maturities12,91612,37912,37512,38612,39712,30012,310
Finance lease, liability333328326318315304299
Operating lease, liability1,0701,0561,0781,0751,0821,0541,046
Liabilities, other than long-term debt3,1963,3053,5543,5243,6613,3393,225
Deferred income tax liabilities1,3741,4071,4441,4351,4251,4221,415
Other liabilities1,8221,8982,1102,0892,2361,9171,810
Total noncurrent liabilities:17,51517,06817,33317,30317,45516,99716,880
Total liabilities:19,39318,82018,98218,85519,05618,61818,164
Stockholders' equity
Stockholders' equity attributable to parent2,2372,5162,5612,3702,1672,3432,285
Common stock2,1562,4902,5122,4542,3992,6482,602
Accumulated other comprehensive loss(710)(753)(679)(719)(854)(997)(1,025)
Retained earnings791779728635622692708
Stockholders' equity attributable to noncontrolling interest1,6161,5921,6981,6321,5541,5721,567
Total stockholders' equity:3,8534,1084,2594,0023,7213,9153,852
TOTAL LIABILITIES AND EQUITY:23,24622,92823,24122,85722,77722,53322,016

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,5461,4951,4381,2601,3581,3371,048
Cost of revenue(1)(839)(837)(713)(643)(618)(510)
Cost of goods and services sold(532)(490)(467)(401)(454)(418)(339)
Gross profit:1,545656601547715719538
Operating expenses(1,129)(123)(113)(105)(342)(302)(295)
Other operating income (expense), net(57)16(8)42(46)(54)(21)
Other undisclosed operating income (loss)57(16)8(42)465421
Operating income:416533488442373417243
Nonoperating income
(Investment Income, Nonoperating)
11 1112
Interest and debt expense(5)(16)(5)(5)(104)(4)(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (121)(120)(127)(126)(125)
Income from continuing operations before equity method investments, income taxes:412518362318143288115
Loss from equity method investments  (3)(2)(3)(18)(16)
Other undisclosed loss from continuing operations before income taxes(123)(124)     
Income from continuing operations before income taxes:28939435931614027099
Income tax expense (benefit)(27)(65)29(47)(4)(65)49
Income before gain (loss) on sale of properties:262329388269136205148
Other undisclosed net income  3231816
Net income:262329391271139223164
Net loss attributable to noncontrolling interest(83)(108)(132)(92)(48)(78)(58)
Net income available to common stockholders, basic:17922125917991145106
Other undisclosed net income available to common stockholders, diluted8210713191477857
Net income available to common stockholders, diluted:261328390270138223163

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:262329391271139223164
Other comprehensive income (loss)65(77)6020325146149
Comprehensive income:327252451474390269313
Comprehensive loss, net of tax, attributable to noncontrolling interest(104)(83)(152)(160)(133)(94)(110)
Comprehensive income, net of tax, attributable to parent:223169299314257175203

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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